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Violation Tracker Individual Record

Company: Health Net Life Insurance Co.
Current Parent CompanyCentene
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Penalty: $25,000,000
Year: 2008
Date: September 12, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: The California Insurance Commissioner an agreement valued at $25 million with Health Net Life Insurance Company to offer new healthcare coverage to 926 consumers whose individual and family plan policies were rescinded during the pprevious four years and halt improper rescissions going forward. The settlement included a $3.6 million fine, waiver of $7.2 million in premiums, and an estimated $14.2 millon in payments for billed medical charges.
Level of Government: state
Action Type: agency action
Agency: California Department of Insurance
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: Missouri
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: managed care
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.